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Flat 110.97-111.47

27 April 2016, USD/JPY

Daily chart: the pair is in the flat at the middle Bollinger band (110.25), which is very frustrating on such a broad flat range (107.21-113.19). No ideas for trading within that frame.


Н4: Today a local resistance may be arranged at 112.12 (the upper Bollinger band). If it manifests itself in full, we will get a downward sliding towards 110.25 and 109.73.

Флэт 110.97-111.47

Н1: a horizontal non-directional corridor 110.97-111.47 (Bollinger envelopes). It is likely that the day will be spent within this corridor.


Expectations: flat 110.97-111.47

solutions: cautious sales from 111.47 to 111.00

Aleksey Panasenko
Analyst of «FreshForex» company
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